US Senate Prepares October 1 Hearing on Crypto Taxation
The US Senate Finance Committee announced that it will hold a hearing on October 1 to examine how digital assets should be taxed. Industry leaders, including Coinbase, are expected to provide testimony on taxation challenges and potential legislative reforms. On Wednesday, Senate Finance Committee Chairman Mike Crapo confirmed that the hearing, titled “Examining the Taxation of Digital Assets,” will feature testimony from Lawrence Zlatkin, Coinbase Global’s vice president of tax, and Jason Somensatto, director of policy at Coin Center. The session will explore the practical implementation of tax reporting, asset classification, and potential reforms to simplify compliance.